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Inventory Check:
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As of December 14, 2011 there are 19,246 homes actively listed in the Tampa Bay area, this includes Pinellas, Pasco and Hillsborough Countues, with 7,293 (39%) under contract. Of the 19,246 homes, 9,651 are reflected as distressed in MLS. At current levels, we have almost 9 months inventory. However, this fluctuates significantly from area to area. Sales generally slow down going in to the Holidays and pick back up toward the end of the first quarter of the year.
The median sale price over the past 90 days is $140,000 with 1,721 sf.
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As of April 11, 2011 there are 15,519 homes actively listed in the Tampa Bay area with 7,083 (46%) under contract. Of the 15,519 homes, 5,057 are reflected as distressed in MLS. At current levels, we have almost 7.7 months inventory. However, this fluctuates significantly from area to area. Sales generally start to pick back up in this quarter going in to the summer. These numbers are looking much better.
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As of February 17, 2011 there are 17,458 homes actively listed in the Tampa Bay area with 6,516 (37%) under contract. Of the 17,458 homes, 7,005 are reflected as distressed in MLS. At curretnt levels, we have almost 10 months inventory. However, this fluctuates significantly from area to area. Sales generally start to pick back up toward the end of the first quarter going in to the second.
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As of October 28, 2010, there are 17,734 available single family homes. Additionally, there are 5,858 under contract. Of these, 11,125 are listed as distressed and is actually slightly higher as many Realtors do not reflect their listing as distressed. As you can see, a higher percentage of contracts go to the distressed properties which is consistent with the appraisals were are handling these days.
Over the last 90 days there have been 11,768 listings entering the market vs the same period last year of 11,794 listings.
There have been 5,230 sold listings over the past 90 days vs 6,557 same period last year. This is just over 20 increase over last year.
Looking at a typical 3 bedroom, 2 bath home between 1,200 - 2,100 sf in the past 90 days:
Pinellas: 442 sales with a median sale price of $157,250/$99.20 per sf of 1,600 and 45 DOM.
Pasco: 233 sales with a median sale price of $115,500/$70.05 per sf of 1,610sf and 50 DOM.
Hillsborough: 186 sales with a median sale price of $119,950/$76.75 per sf of 1,568 sf and 20 DOM.
Please e-mail with any target areas of the bay area you would like to see.
paul.amirto@associatedappraisalgroup.com
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Paul Amirto has over twenty years of residential appraising experience. We require all of our appraisers to have a minimum of 5 years experience and each case is assigned to the most experienced appraiser to best handle your individual assignment. If you need a report to base a fair asking price, we will assign an appraiser that also has sales experience, if you are going through a divorce, we will assign to the appraiser that has court experience, etc. We guarantee you will not be disappointed!
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